Legal & General Group Plc Boosts Stake in WEC Energy Group

Institutional investor increases ownership in Wisconsin-based utilities provider

Published on Mar. 12, 2026

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Legal & General Group Plc, a major institutional investor, has increased its stake in WEC Energy Group, Inc. (NYSE:WEC) by 3.4% during the 3rd quarter, according to a recent SEC filing. The firm now owns 2,697,248 shares of the utilities provider's stock, representing 0.83% ownership.

Why it matters

This move by Legal & General Group, a prominent global asset management firm, signals continued investor confidence in WEC Energy Group's performance and growth prospects. As a major regulated utility serving the Midwest, WEC's stock is closely watched by institutional investors seeking stable, dividend-paying companies.

The details

According to the SEC filing, Legal & General Group purchased an additional 87,446 shares of WEC Energy Group during the 3rd quarter, bringing its total ownership to 2,697,248 shares. This represents a 3.4% increase in the firm's stake in the company. WEC Energy Group is a Milwaukee-based utility holding company that provides electricity and natural gas services to customers across Wisconsin, Illinois, and Michigan.

  • Legal & General Group increased its WEC Energy Group stake during the 3rd quarter of 2026.

The players

Legal & General Group Plc

A major global asset management firm based in the United Kingdom.

WEC Energy Group, Inc.

A Milwaukee-based utility holding company that provides electricity and natural gas services to customers across the Midwest.

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The takeaway

This investment by Legal & General Group underscores the continued appeal of WEC Energy Group's stable, regulated utility business model and its position as a leading provider of essential energy services in the Midwest region.